The Dow Jones Industrial Average gained over 200 points on Monday, while the broader market saw mixed performance. Alcoa Corporation led the gains after announcing a lucrative sale, while Ascendis Pharma, Bausch + Lomb, and Nuvalent also saw significant price increases.
Results for: Alcoa
Alcoa Corporation (AA) announced the sale of its 25.1% stake in the Ma’aden Joint Venture in Saudi Arabia for $1.1 billion, boosting its share price. The transaction simplifies Alcoa’s portfolio and offers greater financial flexibility, improving its long-term competitiveness.